Red Lobster Absolute NNN
3451 East Main Street Farmington, NM 87402
3451 East Main Street, Farmington, NM, 87402
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For Sale
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Freestanding 1996 Red Lobster operates under an absolute NNN lease with corporate guarantee and no landlord maintenance responsibilities.
Property Size6,014 SF
Lot Size1.36 Acres
Price / SF$872.96
Days on Market50
Property Features for 3451 East Main Street
General Information
- Standard status
- Active
- Size
- 6,014 SF
- Lot size
- 1.36 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing agency
Marcus & Millichap - Seattle
Listed by
Hank Wolfer · License #WA 110547
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 2:45PM Checked: Jul 21 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
This property is a freestanding Red Lobster restaurant building built in 1996. The current lease is described as an absolute NNN structure where the landlord has no maintenance or repair responsibilities whatsoever. The corporate guaranteed lease has 13 years remaining and expires July 31, 2039, with 2% annual rent bumps. The lease also includes four 5-year renewal options.
The building is located along Main Street and sits directly across from a Safeway-anchored grocery center and a Home Depot power center.
The offering includes a 6,014 square foot building on a 1.36 acre parcel.
The building is located along Main Street and sits directly across from a Safeway-anchored grocery center and a Home Depot power center.
The offering includes a 6,014 square foot building on a 1.36 acre parcel.
Key Highlights
- Freestanding Red Lobster on a 1.36‑acre parcel with a 6,014 SF building
- Absolute NNN lease structure: landlord has no maintenance or repairs responsibilities whatsoever
- Corporate guaranteed lease has 13 years remaining and expires July 31, 2039
Property Analytics
Location Intelligence
Current Use by Public Records
Red Lobster
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Freestanding 1996 Red Lobster operates under an absolute NNN lease with corporate guarantee and no landlord maintenance responsibilities.
Where is this conventional restaurant located?
The property is located at 3451 East Main Street Farmington, NM.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Freestanding Red Lobster on a 1.36‑acre parcel with a 6,014 SF building; Absolute NNN lease structure: landlord has no maintenance or repairs responsibilities whatsoever; Corporate guaranteed lease has 13 years remaining and expires July 31, 2039
